Updated Feb 4, 2025
RRA Capital Provides $23.47M Loan For Multifamily Asset In Chicago At 5036 N Sheridan Rd
5036 N Sheridan Rd, 7340 N Hoyne Ave, 1716 W North Shore Ave, 7451 S Eberhart Ave & 3601 W 53rd
$23,470,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 6, 2024
About this deal
AI
The property asset involved in the transaction is a multifamily property located at 5036 N Sheridan Rd in the Chicago market. The loan amount for the transaction is $23,470,000.00, provided by RRA Capital.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $23,470,000.00
- Address: 5036 N Sheridan Rd
- Market: Chicago
- Lender: RRA Capital
- Brokers: Hirsch Simins
The key individuals and companies involved in this transaction include Hirsch Simins as the broker representing the transaction and RRA Capital as the lender facilitating the loan.
On the Map
$23,470,000
MultiFamily
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Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93